Terms, conditions, and exclusions apply. SPOKE Bicycle Insurance was the first in the USA to identify and provide insurance coverage for E-bikes. To learn more, please contact our agency. It depends on the cyclist, bike and reasons for use. This thread now has had over 500 views -- and no one has reported any experiences with any of the bike insurance companies or even seems to have bike insurance.
Everything that applies to Markel, above, will apply to Spoke. How much coverage should I purchase? Markel now offers coverage for three classes of e-bikes: Pedal assist e-bike with top assisted speed of 20 mph; Throttle assist e-bike with top assisted speed of 20 mph; Pedal assist e-bike with top assisted speed of 28 mph; Electric bike motors must be 750 watts or under. Whether you use your bike for fitness, recreation, or transportation, Markel knows each cyclist rides for a different reason. Your insurance coverage should reflect your unique needs. Whether you use your bike for fitness, recreation, or transportation, Markel knows each cyclist rides for a different reason.
You may purchase specialty bicycle insurance with a company like Velosurance, Markel Insurance or many other companies that you may find by searching online. Markel® is a registered trademark of the Markel Corporation,*Savings are based on MetLife Auto & Home.MetLife Auto & Home is a brand of Metropolitan Property and Casualty Insurance Company (licensed in MA) and its affiliates: Economy Fire & Casualty Company, Economy Premier Assurance Company, Economy Preferred Insurance Company, Metropolitan Casualty Insurance Company, Metropolitan Direct Property and Casualty Insurance Company (CA Certificate of Authority: 6730; Warwick, RI), Metropolitan General Insurance Company, Metropolitan Group Property and Casualty Insurance Company (CA COA: 6393; Warwick, RI), and Metropolitan Lloyds Insurance Company of Texas, all with administrative home offices in Warwick, RI.
Spoke.
Markel® is a registered trademark of the Markel Corporation.MassDrive Insurance Group, LLC is the licensed agent for all products. Markel Specialty is a business division of Markel Service, Incorporated. Often, traditional homeowners and renters policies do not cover E-bikes, leaving riders without protection for themselves and their bikes.
**,Coverage is underwritten by one or more member companies of the Markel and policyholder services are provided by the underwriting manager, Markel Service, Incorporated.
At Markel, our main operations are insurance—not the life, home, or health insurance that many people are familiar with, but specialty insurance. Electric bikes and home insurance Before you take out a specialist electric bike insurance policy, check your home insurance to see what cover you have for pedal cycles..
Your insurance coverage should reflect your unique needs. Throttle assist e-bike with top assisted speed of 20 mph; Pedal assist e-bike with top assisted speed of 28 mph; Electric bike motors must be 750 watts or under. Markel insures bicycles with an auxiliary electric power assist that does not exceed 750 watts and 28 mph. ), so why would you risk it with an electric bike?They’re serious cruisers, too, which means you can do some real damage if you hit a pedestrian, other cyclists, or a vehicle.If you don’t like the idea of paying a substantial lump sum in case you are at fault for causing an accident or injury, then paying a small monthly or yearly fee for insurance can seem like a no brainer.Again, if you can afford the fallout, then it may not make sense, but otherwise I’d recommend getting a quote from Velosurance.Quote Example 1: The Bare Basics, $8000 eBike,Quote Example 3: The Bare Basics, $2000 eBike.Your email address will not be published. Paying upfront will save you a few dollars, but not much.
This is doubly important when it’s your only means of transportation and you use your bike to commute to work.You probably wouldn’t drive your car without insurance (if it was legal to do so! Insurance and coverage are subject to availability and qualifications and may not be available in all states. Markel offers a stand-alone e-bike insurance policy that insures e-bikes with power assist up to 750 watts with speeds up to 28mph. Electric bikes and home insurance Before you take out a specialist electric bike insurance policy, check your home insurance to see what cover you have for pedal cycles.. Coverage descriptions listed are intended to be brief and do not replace actual policy language.
Velosurance partnered with Markel Insurance to form a strategic alliance making electric bike insurance available across the US.